Ormond remains a family suburb first, and its housing stock reflects that, with houses making up close to half of all dwellings here. The local school zone continues to underpin genuine demand for larger homes, and families are still stretching to secure a place within it.
House prices have held steady, up 0.7 per cent year on year, with 78 sales this year, up 9.9 per cent, and clearance holding at a solid 71.1 per cent. The apartment market is a genuine complement rather than an afterthought, with unit sales up 14.1 per cent and clearance at 75.6 per cent.
Buyers can expect stronger stock levels through spring, particularly at the top end where quality family houses are starting to come through. With appraisals rising after a quiet winter and investors and upsizers both active, well-presented, move-in-ready homes remain the ones converting this steady demand into results.
Median sale price for houses in Ormond is $1,650,000, down 0.2% from last year.
Median sale price for units in Ormond is $611,000, up 1.9% from last year.
Properties sold for houses in Ormond is 78, up 11.4% from last year.
Properties sold for units in Ormond is 83, down 1.2% from last year.
Auction clearance for houses in Ormond is 69.3%, down 0.0% from last year.
Auction clearance for units in Ormond is 78.0%, up 7.9% from last year.
Av days on market for houses in Ormond is 46, down 46.5% from last year.
Av days on market for units in Ormond is 43, down 15.7% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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